Nevada Gaming Commission settles tax overpayments

The Cosmopolitan Hotel & Casino and eleven hotels and casinos associated with Caesars Entertainment reach a settlement with the Nevada Gaming Commission to return thousands of dollars in tax overpayments to the casinos. The tax overpayments are the result of overstatement of live entertainment taxable revenue. The overstatement of revenue was the result of the inclusion of nontaxable service charges and fees on tickets between 2011 and 2014.

In addition to the tax refunds the state will pay some interest on the tax refunds. The Nevada Gaming Commission and the casinos agree to mutually settle the tax overpayments to avoid any costly litigation.